The Indian Railways is set to acquire new trains worth Rs 1 lakh crore in the coming years to meet the increasing demand for passenger travel, according to Union Railways Minister Ashwini Vaishnaw. The primary objective is to replace the aging rolling stock, which will require around 7,000-8,000 new train sets. Tenders for this will … Read more
NEW DELHI: A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal’s Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy.“Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem.Foxconn is working … Read more
NEW DELHI: As the CBI on Monday started its probe into the Balasore train accident, top railway officials once again stressed that the crash took place because of “deliberate interference” with the electronic interlocking system. Late in the evening, a CBI team reached the crash site to begin the investigation which, among other things, is … Read more
NEW DELHI: Prime Minister Narendra Modi on Friday expressed grief over Coromandel Express train accident in Odisha’s Balasore district and assured that all possible assistance is being given to those affected.The Prime Minister said he was distressed to hear of the accident and had spoken to Union railway minister Ashwini Vaishnaw to take stock of … Read more